TBD's Mike Brock responds to criticism on Web 5: 'It will actually exist, unlike Web 3'

Hours after former Twitter CEO and Block Head Jack Dorsey announced a new platform on the social media platform -- Web 5, to be powered by Bitcoin -- TBD's Product Lead Mike Brock issued a clarification for some of the criticism the company has been receiving.

Web5 is developed by TBD, a Bitcoin-focused subsidiary Dorsey’s Block.

Taking to Twitter, Brock wrote, "I get the criticism that we announced web5 before releasing web5. But the thing is, when we launched TBD, this is how we promised to do things. We promised we'd have public, transparent and open source roadmaps. That's what we're doing."

Stressing on their "open source" policy, Brock added, "We could have worked on it in a private Github repo, and waited for the components to be full beta quality before announcing. But that's not how our open source, open standards-oriented company is going to work. So yes, we're going to announce things early."

Stating that it's a radical way to work and that the company is committed to it, Brock said TBD is putting themselves out there and and "being vulnerable and open".